Conservation Valuation Experts Discuss Alternatives at AI Forum

  • By dave
  • 12 December, 2013
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Participants in the Appraisal Institute’s Dec. 8 stakeholders forum in Washington, D.C, assessed alternatives to the current tax processes involving donations of conservation easements. The Appraisal Institute sponsored the one-day event, which addressed a variety of conservation valuation issues. Continue Reading →


Banks to Continue Offering Nonconforming Mortgages

  • By dave
  • 12 December, 2013
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Several banks said they expect to continue offering nonconforming loans despite the Consumer Financial Protection Bureau’s creation of a qualified mortgage rule that takes effect in January, The Wall Street Journal reported Dec. 2. Continue Reading →


Mortgage Rates Up Significantly

  • By dave
  • 12 December, 2013
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Fixed mortgage rates experienced a significant increase during the past week, Freddie Mac reported Dec. 5 in its weekly Primary Mortgage Market Survey. The 30-year fixed-rate jumped 0.17 percent to 4.46 percent while the 15-year fixed-rate also increas… Continue Reading →


Global Banks Fined for Interest Rate Manipulation

  • By dave
  • 12 December, 2013
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The European Commission has fined several major global banks $2.3 billion for their collusion in manipulating key European and Japanese benchmark interest rates that affect many loan types, including mortgages, The Associated Press reported Dec. 4. Continue Reading →


RealtyTrac: High-end Foreclosures Up 61 Percent

  • By dave
  • 12 December, 2013
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U.S. foreclosure activity is down 23 percent year-to-date through October, but foreclosure activity on properties valued at $5 million or higher rose 61 percent from the same period in 2012, analytics firm RealtyTrac announced Dec. 3. Continue Reading →


FHFA Overhauls Mortgage Insurance Program for Fannie, Freddie

  • By dave
  • 12 December, 2013
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The Federal Housing Finance Agency announced Dec. 2 that Fannie Mae and Freddie Mac had completed the first major overhaul in years of their mortgage insurance master policy requirements. The FHFA’s 2013 Conservatorship Scorecard required them to establish complementary master policies to allow for more timely and consistent claims processing. Continue Reading →


Largest Mortgage Servicers Failing on Loan Handling

  • By dave
  • 12 December, 2013
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Banks subject to the 2012 national settlement over mishandled foreclosures are still failing to provide timely and adequate notification to delinquent borrowers, according to a report from Joseph A. Smith Jr., the monitor of the national mortgage settl… Continue Reading →


Fed Beige Book: Economy Recovering, Homes Sales Improving

  • By dave
  • 12 December, 2013
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The Federal Reserve’s Beige Book released Dec. 4 indicated that national economic activity continued to expand at a modest-to-moderate pace during the early-October to mid-November reporting period, but noted a slowdown in single-family home sales due to seasonal factors. Continue Reading →


CMBS Loan Quality Down, Performance Steady

  • By dave
  • 12 December, 2013
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The quality of loans originated for commercial mortgage-backed securities has worsened, but loan performance is expected to be stable, ratings firm Moody’s Investor Services noted in a report, Mortgage Daily reported Dec. 2. Continue Reading →


Justice Department Promises More Mortgage Fraud Suits in 2014

  • By dave
  • 12 December, 2013
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The U.S. Department of Justice said it would file several more lawsuits alleging mortgage fraud against financial institutions in 2014, Reuters reported Dec. 4. U.S. Attorney General Eric Holder told Reuters that his agency would use the case against J… Continue Reading →